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Ethereum (ETH) Struggles Below Key Resistance LevelsCurrent Market Activity: Ethereum has been consolidating below the $2,600-$2,900 range after the August 5th capitulation, signaling potential for further downside. Key Resistance Levels: $2,600-$2,900: Until Ethereum reclaims this range, bearish pressure remains dominant. Bearish Scenario: If Ethereum fails to break above this resistance, a drop into the $2,100-$2,300 zone is possible. Long-Term Outlook: Despite short-term challenges, there is optimism for a stronger crypto market in 2025, driven by a weak Dollar and low interest rates. Bullish Scenario: Ethereum needs to reclaim the $2,600-$2,900 range to shift momentum back in favor of the bulls. #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Bearish #SupportAndResistance #PriceAction #LongTermOutlook
COINBASE:ETHUSD
by Richtv_official
Riding the Algorand Wave: Get Ready for a Crypto Surge!Algorand's current market price has been a subject of concern among investors, given that the platform has a strong technological foundation and promising potential. The market volatility is an inherent feature of the cryptocurrency landscape, and fluctuations in prices are common and to be expected. Algorand is a relatively young project, having launched in 2019, and is still in the early stages of its growth trajectory. As such, it may take some time for the platform to gain wider adoption and establish a stable price level. Nonetheless, the Algorand team has been making significant strides in forging partnerships and advancing the platform's technological capabilities, which could bolster demand for the network and increase its market value. Moreover, the platform's long-term prospects and potential for disrupting industries such as finance and healthcare should not be overlooked. Ultimately, the decision of whether to invest in Algorand at its current price point is contingent on your risk tolerance and research. Lower prices can offer opportunities for those who are willing to make early investments in promising projects!
Long
by MarkBTV
NIFTY in medium Term looking Solid. Market got a boost by the better than expected US Inflation numbers. Hoping that Federal Reserve US will either halt or milden their hawkish stance to control inflation Global markets have reacted positively. Indian market was no exception and rallied upwards. FIIs are also buying Indian equity again and Dollar index is getting weaker which can strengthen Indian Rupee. All these events can lead the market further up in the coming weeks. Long Term Target for NIFTY now is 19534. Important Resistances: 18351 and 18604. Important Supports: 18099 and 17872 .
NSE:NIFTYLong
by Happy_Candles_Investment
EURUSD - long term overviewHello all, For the past 5 months this major has been falling in a falling wedge pattern. Now the price is fluctuating at the structural support zone. One can say that this is obvious bullish reversal, however if we look at the 1D time frame then the double top pattern is quite clear and the price has already fallen below the neckline. Thus there are high chances for a bearish continuation. We need to look at how price will react to the 1.15318-1.15710 structural support zone. Both possible scenarios are illustrated. Disclaimer: Any risk related to trading this pair is solely on you. Please, think thoroughly before making a trading decision. Cheers!
by Barysbyek
Monthly TF Perspective Of Yellow Metal. Door Open to Test 1550!This is a monthly TF analysis of the yellow metal. The main chart shows numerous horizontal lines, these are concrete support and resistance levels taken from monthly charts. This year many people predicted the yellow metal to break out of its long term held range and it happened! After 1370 level was broken, the next hurdle was present at 1430 which held against a very bullish pressure from the yellow metal. So in short 1430 is not a new resistance just formed! it has been held on numerous occasions and broken too. Therefore from a technical perspective GOLD is still indeed bullish however just to be safe, it is advisable for the monthly candle to close above 1430.00 before going LONG to target 1550 where the next resistance is present Any trade deal between US and China if agreed it could take the yellow metal down where another long term held ascending trendline is present. Until this trendline is not broken we are still bullish on gold! Another thing to consider is that at the moment the price is confined in a triangle practically preventing the price from further climbing. Should a strong bullish candle close above 1430 this would not only confirm resistance break but also the triangle/trendline break too. Fundamentally, the factors are in favour of yellow metal appreciation! First of all the tradewar is having effects on the economy and many central banks have started to cut rates with the FED thinking of cutting rates too and turning dovish in a surprising manner in the last couple of FOMC meeting. Fear of recession are also alive and well as the US yield curve has inverted again. In this classic scenario the safe haven currencies such as CHF and JPY appreciate but so does GOLD Therefore it remains to be seen what develops in the coming months but a test of 1550 level is very much on the cards!
FX_IDC:XAUUSDLong
by FX618Analysis
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